MIRA INFORM REPORT

 

 

Report Date :

29.11.2012

 

IDENTIFICATION DETAILS

 

Name :

BOMBARDIER TRANSPORTATION (SWITZERLAND) AG

 

 

Registered Office :

Brown-Boveri-Strasse 5 8050 Zürich/ZH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

16.12.2008

 

 

Reg. No.:

020.3.033.301-1 / 930434

 

 

Legal Form :

Company limited by shares

 

 

LINE OF BUSINESS :

MANUFACTURERS OF INNOVATIVE TRANSPORTATION SOLUTIONS, RANGING FROM REGIONAL AIRCRAFT AND BUSINESS JETS (BOMBARDIER AEROSPACE) TO RAIL TRANSPORTATION EQUIPMENT (BOMBARDIER TRANSPORTATION).

 

 

No. of Employees :

900

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

Switzerland - ECONOMIC OVERVIEW

 

Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.

 

Source : CIA


 

Company Name

 

BOMBARDIER TRANSPORTATION (SWITZERLAND) AG

 

 

Operating address

 

Brown-Boveri-Strasse 5

8050 Zürich/ZH

Switzerland/CH

 

Telephone:        044 3183333

Fax:                  044 3183080

 

Web site:          http://www.bombardier-transportation.ch

E-mail:              info@ch.transport.bombardier.com

 

WIN No.:           CH0008104568

VAT-No.:           CHE114638296

 

 

Profile

 

Established:                  2008

Line of Business:           Engineering/Architecture, Measurement and control technology

Industry Division:            Services, Manufacturing

Industry-code (NACE):    7112     Engineering activities and related technical consultancy

                                    2651     Manufacture of instruments and appliances for measuring, testing and navigation

Banks:                          unknown

 

 

Operational Figures

 

Coverage:          Company

Employees:       900

Branches:         2

 

 

Activity

 

Bombardier is one of the world's leading manufacturers of innovative transportation solutions, ranging from regional aircraft and business jets (Bombardier Aerospace) to rail transportation equipment (Bombardier Transportation).

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                            020.3.033.301-1 / 930434

Legal form:                                Company limited by shares

Registration:                              16.12.2008

Legal status:                             active

Responsible Register:                Handelsregister des Kantons Zürich

History: Date of Statutes:            13.03.2009

Date of Incorporation Statutes: 14.12.2008

 

Entry                Deleted            Name

30.03.2009                                Bombardier Transportation (Switzerland) AG

30.03.2009                                Bombardier Transportation (Switzerland) SA (Name translated)

30.03.2009                                Bombardier Transportation (Switzerland) Ltd (Name translated)

16.12.2008        30.03.2009        Bombardier Transportation (Operations) Switzerland AG

16.12.2008        30.03.2009        Bombardier Transportation (Operations) Switzerland SA (Name translated)

16.12.2008        30.03.2009        Bombardier Transportation (Operations) Switzerland Ltd (Name translated)

 

Entry                Deleted            Legal domicile

16.12.2008                                Zürich, Switzerland

 

Entry                Deleted            Address

16.12.2008                                Brown-Boveri-Strasse 5, 8050 Zürich, Switzerland/CH

 

Entry                Deleted            Capital

30.03.2009                                Share Capital CHF 141'600'000, paidup CHF 141'600'000

16.12.2008        30.03.2009        Share Capital CHF 100'000, paidup CHF 100'000

 

Entry                Deleted            Capital Structure

30.03.2009                                141'600'000 Registered shares of CHF 1.--

16.12.2008        30.03.2009        100'000 Registered shares of CHF 1.--

 

Entry                Deleted            Activity (original Language)

16.12.2008                                Der Zweck der Gesellschaft ist die Entwicklung, die Herstellung, der Vertrieb, der

Service und der Handel von bzw. mit Systemen, Anlagen, Modulen und Geräten, die dem Personen- und Gütertransport, insbesondere zu Lande, dienen. Die Gesellschaft bezweckt zudem die Herstellung, den Vertrieb und den Handel von bzw. mit Systemen, Einrichtungen und Modulen, die der Überwachung, Steuerung, Regelung und dem Schutz solcher Transportanlagen und -systeme während des Betriebes dienen. Die Gesellschaft kann Grundstücke erweben, Zweigniederlassungen gründen, sich an anderen Gesellschaften beteiligen und alle Geschäfte betreiben, die mit dem Zweck des Unternehmens in Zusammenhang stehen oder diesen zu fördern geeignet sind.

 

Entry                Deleted            Remarks (original Language)

30.03.2009                                Capital: Bei der ordentlichen Kapitalerhöhung vom 23.03.2009 werden Forderungen in der Höhe von CHF 141'500'000.00 verrechnet, wofür 141'500'000 Namenaktien zu CHF 1.00 ausgegeben werden.

30.03.2009                                Contribution in kind/Asset takeover: Die Gesellschaft übernimmt in Konkretisierung der bei der Gründung kundgegebenen Absicht einen Teil der Aktiven und Passiven der Bombardier Transportation (Holdings) Switzerland AG, in Zürich (CH-550.0.073.452-5; vormals Bombardier Transportation (Switzerland) AG), nämlich den Geschäftsbereich Personen- und Gütertransport, gemäss Vertrag vom 13.03.2009 und Übernahmebilanz per 31.12.2008, wonach die übernommenen Aktiven CHF 493'223'913.41 und die übernommenen Passiven CHF 493'170'320.52 betragen, zum Preis von CHF 195'305'610.96.

16.12.2008                                Publishing authority: SHAB.

16.12.2008                                Reports: Mitteilungen der Gesellschaft an die Aktionäre erfolgen schriftlich.

16.12.2008        30.03.2009        Intended asset takeover: Die Gesellschaft beabsichtigt, nach der Gründung von

der Bombardier Transportation (Switzerland) AG, in Zürich, deren zum operativen Geschäft gehörenden Aktiven und Passiven (ganz oder teilweise) gemäss einem noch zu erstellenden Sachübernahmevertrag zum Preis von höchstens CHF 300'000'000.00 zu übernehmen.

 

 

Official Administration

 

Title                 Name

President          Alfred Ruckstuhl, Origin: Aadorf, Switzerland, Residential address: 8962 Bergdietikon,  Switzerland, joint signature of two, Registered since: 30.03.2009

Chief Executive  Stéphane Wettstein, Origin: Russikon, Neuchâtel, Switzerland, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 30.03.2009

Director Mathias Tromp, Origin: Bern, Switzerland, Residential address: 3000 Bern, Switzerland, joint signature of two, Registered since: 30.03.2009

 

 

Management

 

Title                                         Name

Member with signing authority     Per Allmer, Origin: Sweden, Residential address: 8000 Zürich, Switzerland, joint

signature of two, Registered since: 16.02.2011

Member with signing authority     Peter Ammann, Origin: Zürich, Menziken, Switzerland, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Petra Angstmann, Origin: Berikon, Switzerland, Residential address: 5330 Bad Zurzach, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Lothar Baumgartner, Origin: Germany, Residential address: Lengnau /AG, Switzerland, joint signature of two, Registered since: 10.01.2012

Member with signing authority     Hans Rudolf Beetschen, Origin: Zürich, Switzerland, Residential address: 8301 Wallisellen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Ernst-Karl Behr, Origin: Weggis, Switzerland, Residential address: 6312 Steinhausen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Jörg Bellingen, Origin: Regensberg, Switzerland, Residential address: 5400 Baden, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Karine Bernier-Lapointe, Origin: Hettlingen, Switzerland, Residential address: 8309 Nürensdorf, Switzerland, joint signature of two, Registered since: 22.07.2011

Member with signing authority     Urs Bettler, Origin: Uebeschi, Switzerland, Residential address: Zürich, Switzerland, joint signature of two, Registered since: 23.10.2012

Member with signing authority     Jürg Bickel, Origin: Zürich, Switzerland, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Urs Bikle, Origin: Winterthur, Switzerland, Residential address: 8804 Wädenswil, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Stefan Böker, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 17.05.2011

Member with signing authority     Carsten Bopp, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Klaus Bühler, Origin: Germany, Residential address: Kandern , Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Christoph Cao, Origin: Vaz/Obervaz, Switzerland, Residential address: Otelfingen, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Réal Chamberland, Origin: Canada, Residential address: 8105 Regensdorf, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Daniel Chenevard, Origin: Bière, Switzerland, Residential address: 1807 Blonay, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Ludger Delbeck, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 17.05.2011

Member with signing authority     Michael Dobros, Origin: Germany, Residential address: 4450 Sissach, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Steffen Doll, Origin: Germany, Residential address: Wetzikon /ZH, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Markus Edler von der Planitz, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 02.12.2010

Member with signing authority     Andreas Eisele, Origin: Germany, Residential address: Lauchringen , Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Hans Rudolf Feuz, Origin: Lauterbrunnen, Switzerland, Residential address: 8113 Boppelsen, Switzerland, joint signature of two, Registered since: 02.12.2010

Member with signing authority     Martin Frank, Origin: Germany, Residential address: Konstanz , Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Chris Frey, Origin: France, Residential address: 3976 Sierre, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Markus Frey, Origin: Holderbank AG, Switzerland, Residential address: 8213 Neunkirch, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Walter Fröhlich, Origin: Zollikon, Switzerland, Residential address: 8104 Weiningen/ZH, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Karlheinz Geradts, Origin: Germany, Residential address: 5603 Staufen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Erwin Gerber, Origin: Langnau im Emmental, Switzerland, Residential address: 5400 Baden, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Christian Gerster, Origin: Winterthur, Switzerland, Residential address: 8352 Winterthur, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Steffen Gey, Origin: Germany, Residential address: 8044 Dübendorf, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Gerald Hilpert, Origin: Germany, Residential address: Lauchringen , Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Mats Holgersson, Origin: Sweden, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Iveta Hradska, Origin: Czech, Residential address: Novy Oldrichov , Czech, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Beat Hunziker, Origin: Uster, Switzerland, Residential address: 8404 Winterthur, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Sabine Ilias, Origin: Germany, Residential address: 8157 Dielsdorf, Switzerland, joint signature of two, Registered since: 21.12.2009

Member with signing authority     Markus Jörg, Origin: Affoltern im Emmental, Switzerland, Residential address: 5236 Remigen, Switzerland, joint signature of two, Registered since: 28.04.2010

Member with signing authority     Jörg Kaltenbacher, Origin: Germany, Residential address: Bad Säckingen , Switzerland, joint signature of two, Registered since: 10.01.2012

Member with signing authority     Heinz Kaufmann, Origin: Gränichen, Switzerland, Residential address: 5420 Ehrendingen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Roman Kessler, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Neil Kirby, Origin: United Kingdom, Residential address: 1867 Ollon, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Christoph Kirschinger, Origin: Germany, Residential address: Heidenheim , Germany, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Thomas Kleesattel, Origin: Zürich, Switzerland, Residential address: 8804 Wädenswil, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Alexander Klett, Origin: Germany, Residential address: Waldshut-Tiengen , Germany, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Daniel Küffer, Origin: Täuffelen, Switzerland, Residential address: Zufikon, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Reto Kuhn, Origin: Sils im Engadin/Segl, Switzerland, Residential address: Aarau, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Dr. André Kuntz, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 28.04.2010

Member with signing authority     Elias Kwasnicki, Origin: Germany, Residential address: 8212 Neuhausen am Rheinfall, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Martin Landolt, Origin: Näfels, Switzerland, Residential address: 5330 Bad Zurzach, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Gerd Lehmann, Origin: Germany, Residential address: Rümlang, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Daniel Lei, Origin: Germany, Residential address: 8200 Schaffhausen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Ernst Dietwart Lettner, Origin: Germany, Residential address: 5300 Untersiggenthal, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Leonardo Lorusso, Origin: Italy, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 21.12.2009

Member with signing authority     Armin Luzi, Origin: Scheid, Switzerland, Residential address: 8542 Wiesendangen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Markus Maier, Origin: Germany, Residential address: Grenzach-Wyhlen, Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Danilo Malquarti, Origin: Blenio, Switzerland, Residential address: 6345 Neuheim, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Kurt Marmenout, Origin: Belgium, Residential address: Vouvry, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Falk Mehdorn, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Sead Mesic, Origin: Sumiswald, Switzerland, Residential address: 5300 Untersiggenthal, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Monica Mestre, Origin: Wohlen AG, Switzerland, Residential address: 5505 Brunegg, Switzerland, joint signature of two, Registered since: 21.12.2009

Member with signing authority     Rocco Montalenti, Origin: Italy, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 28.04.2010

Member with signing authority     Laurent Müller, Origin: Neuchâtel, Switzerland, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 22.07.2011

Member with signing authority     Wolfgang Neumann, Origin: Germany, Residential address: 6053 Alpnach, Switzerland, joint signature of two, Registered since: 22.07.2011

Member with signing authority     Jaroslaw Nowochodzki, Origin: Poland, Residential address: 8155 Niederhasli, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Lasse Orre, Origin: Finland, Residential address: 8136 Thalwil, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Patrick Petermann, Origin: Courgenay, Switzerland, Residential address: 4125 Riehen, Switzerland, joint signature of two, Registered since: 12.05.2012

Member with signing authority     Marc Poirier, Origin: Canada, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 21.12.2009

Member with signing authority     Paulo Ponzetta, Origin: Italy, Residential address: Erlenbach /ZH, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Daniel Pouyt, Origin: France, Residential address: 1867 Ollon, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Michel Riccard, Origin: Grandvaux, Switzerland, Residential address: 1807 Blonay, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Bernhard Rigling, Origin: Schaffhausen, Switzerland, Residential address: 8193 Eglisau, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Christoph Rütimann, Origin: Arni AG, Switzerland, Residential address: Freienbach, Switzerland, joint signature of two, Registered since: 10.01.2012

Member with signing authority     Jamel Samet, Origin: Canada, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Igor Savicic, Origin: Oberglatt, Switzerland, Residential address: 8154 Oberglatt, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Marion Scharbach, Origin: Germany, Residential address: Baar, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Jürgen Schmid, Origin: Germany, Residential address: Wutöschingen , Germany, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Heinz Schmidlin, Origin: Aesch BL, Switzerland, Residential address: 8157 Dielsdorf, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Richard Schneider, Origin: Langenbruck, Switzerland, Residential address: 8224 Löhningen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Tino Schomann, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 17.05.2011

Member with signing authority     Sebastian Schubert, Origin: Germany, Residential address: Greifensee, Switzerland, joint signature of two, Registered since: 10.01.2012

Member with signing authority     Markus Schulz, Origin: Germany, Residential address: Genève, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Nathalie Schuster, Origin: Germany, Residential address: Zürich, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Udo Sorg, Origin: Germany, Residential address: Zürich, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Christoph Steiner, Origin: Kaltbrunn, Switzerland, Residential address: 8610 Uster, Switzerland, joint signature of two, Registered since: 22.07.2011

Member with signing authority     Paul Stieger, Origin: Oberriet SG, Switzerland, Residential address: 8352 Winterthur, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Adrian Strachan, Origin: United Kingdom, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 17.05.2011

Member with signing authority     Marcus Thiele, Origin: Riehen, Switzerland, Residential address: 4125 Riehen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Hartmut Thies, Origin: Germany, Residential address: 8606 Greifensee, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Christoph Tietz, Origin: Germany, Residential address: 8536 Hüttwilen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Ronny Van Laere, Origin: Belgium, Residential address: Torhout , Belgium, joint signature of two, Registered since: 13.06.2012

Member with signing authority     Janis Vitins, Origin: Wettingen, Switzerland, Residential address: 5430 Wettingen, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Björn Ake Wennberg, Origin: Sweden, Residential address: Berlin , Germany, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Jacobus Wijnen, Origin: Netherlands, Residential address: 4244 Röschenz, Switzerland, joint signature of two, Registered since: 22.07.2011

Member with signing authority     Reiner Wimmer, Origin: Germany, Residential address: 5412 Gebenstorf, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Klaus Wiskow, Origin: Germany, Residential address: 8000 Zürich, Switzerland, joint signature of two, Registered since: 17.05.2011

Member with signing authority     Michael Wolf, Origin: Germany, Residential address: Bertschikon, Switzerland, joint signature of two, Registered since: 23.10.2012

Member with signing authority     Bruno Zeugin, Origin: Duggingen, Switzerland, Residential address: 5314 Böttstein, Switzerland, joint signature of two, Registered since: 12.05.2009

Member with signing authority     Alain Zimmitti, Origin: Mauraz, Switzerland, Residential address: Daillens, Switzerland, joint signature of two, Registered since: 13.06.2012

Member with signing authority     André Zurkirchen, Origin: Porrentruy, Switzerland, Residential address: Dürnten, Switzerland, joint signature of two, Registered since: 10.01.2012

 

 

External Positions

 

Title                                         Name

Auditor                                      Ernst & Young AG, Residential address: Zürich, Switzerland, Registered since: 16.12.2008

 

 

Financial Data Bombardier Group

 

Consolidation:    consolidated

Industry:            Trade/Industry

 

Fiscal year end:                                     31.12.2011        31.01.2011        31.01.2005        31.01.2004

Number of months:                                       11                    12                    12                    12

Currency:                                                mil. USD           mil. USD           mil. USD           mil. USD

 

Balance Sheet

Intangible fixed assets                                    2'253.0              2'358.0

Land and buildings                                         1'000.0              1'027.0

Other tangible fixed assets                               864.0                851.0

Tangible fixed assets                                     1'864.0              1'878.0

Financial fixed assets                                    1'305.0              1'104.0

other fixed assets                                          5'179.0              4'520.0

Fixed assets                                               10'601.0              9'860.0

Stocks                                                          7'398.0              7'307.0

Trade accounts receivable                              1'341.0              1'293.0

Liquid assets                                                 3'372.0              4'195.0

Securities                                                         37.0                  57.0

other trade accounts                                        817.0              1'053.0

Accruals                                                         298.0                327.0

Other current assets                                      4'524.0              5'632.0

Current assets                                             13'263.0            14'232.0

Total assets                                                23'864.0            24'092.0            20'080.0            25'569.0

 

Capital                                                            639.0              1'454.0

Other shareholders funds                                    32.0                  67.0

Total shareholders equity                                  671.0              1'521.0             2'298.0              3'250.0

long term debt (financial debts)                       4'748.0              4'645.0

Provisions                                                       594.0                614.0

Other non current liabilities                             5'896.0              4'608.0

Non current liabilities                                    11'238.0              9'867.0

short term debt (financial debts)                        732.0                860.0

Trade accounts payable                                 2'144.0              2'045.0

Provisions                                                     1'078.0              1'198.0

Accruals                                                         582.0                597.0

other accounts payable                                  7'419.0              8'004.0

other current liabilities                                    9'079.0              9'799.0

Current liabilities                                          11'955.0            12'704.0

Shareh. equity, min. interests + liabilities       23'864.0            24'092.0

 

Profit and loss account

Sales                                                          18'347.0            17'892.0

Net sales                                                    18'347.0            17'892.0

Other operating revenue                                       9.0

Operating revenue                                        18'356.0            17'892.0            15'839.0            21'321.0

Cost of goods sold                                       15'444.0            14'955.0

Gross profit                                                   2'912.0              2'937.0

Other operating expenses                               1'710.0              1'732.0

Operating result                                             1'202.0              1'205.0                 52.0                246.0

Interest revenues                                               69.0                  61.0

other financial revenues                                    450.0                415.0

Financial income                                              519.0                476.0

Interest expenses                                            122.0                156.0

other financial expenses                                   559.0                528.0

Financial expenses                                          681.0                684.0

Financial result                                               -162.0               -208.0

Result before extraordinary items                    1'040.0                997.0

Extraordinary Result                                            0.0                   0.0

Result before taxes                                        1'040.0                997.0

Taxes                                                             203.0                222.0

Result before minority interests                         837.0                775.0                -85.0                 -89.0

Result for the financial year                               837.0                775.0

 

Cash flow

Depreciation                                                  2'146.0              2'190.0                551.0                793.0

Cash flow                                                      2'983.0              2'965.0

Cash flow from operating activities                     243.0              1'692.0

Investments in tangible fixed assets                1'500.0              1'146.0

Cash flow from investing activities                     -798.0             -1'225.0

Cash flow from financing activities                     -227.0                254.0

Others                                                             -41.0                102.0

Change in liquidity                                           -823.0                823.0

Liquidity at beginning of the year                     4'195.0              3'372.0

Liquidity at end ot the year                             3'372.0              4'195.0

 

Notes

Research and Development                            1'351.0              1'022.0

Added value                                                  3'308.0              3'343.0

Working Capital                                             6'595.0              6'555.0

Sales per Employee                                            0.5

Market capitalisation                                                                                     3'696.0            10'985.0

Gross cost land and buildings                         2'097.0              2'148.0

Gross cost other tangible fixed assets             1'913.0              1'920.0

Gross cost total                                             4'010.0              4'068.0

 

Employees  at year end                                  33'600                                      57'356               64'600

 

 

Ultimate Parent Company

 

Name:                           Bombardier Inc

City/Country:                 Montréal/Québec, Canada/CA

 

 

Owner/-s

 

No. of Owner/-s: 1

Owner:                          The company is foreign owned.

 

Class:                           100%

Name:                           Bombardier Transportation (Holdings) Switzerland AG

City/Country:                 Zürich/ZH, Switzerland/CH

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Sisters

 

Name:                           Transmashholding AG

City/Country:                 Baar/ZG, Switzerland/CH

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Remarks

 

Today, Bombardier Transportation is one of the biggest suppliers of rail transportation equipment in Switzerland, not least through the takeovers of Vevey Technologies in 1998 and DaimlerChrysler Rail Systems (Adtranz) in 2001.

 

Bombardier Transportation has its own Swiss production location in Villeneuve. Zurich and Winterthur are engineering competence centres serving Bombardier Transportation's global market. Two of Bombardier Transportation's ten business divisions have their operational headquarters in Zurich - the Locomotives and Propulsion & Controls Divisions. Group-wide responsibility for the development, engineering and project management of electric locomotives and of propulsion and control systems for locomotives and high speed trains is centred here.

 

Other locations:

Villeneuve

Bombardier Transportation (Switzerland) SA

Zone industrielle A 26 - CP 32

CH-1844 Villeneuve

Telefon +41 21 967 05 05

Fax       +41 21 967 05 00

 

Winterthur

Bombardier Transportation (Switzerland) AG

Zürcherstrasse 39

CH-8401 Winterthur

Telefon +41 52 264 10 10

Fax       +41 52 264 11 01


 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.89.34

Euro

1

Rs.72.35

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.